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Finance committee outlines options for use of $4 million in excess DPFC funds
Summary
The finance committee presented a range of proposals for using approximately $4 million in excess DPFC funds, including gap financing, a revolving debt fund, down-payment assistance and targeted programs; board members discussed monitoring, verification and prioritization.
DPFC finance committee members on March 25 presented a menu of options for spending approximately $4 million in excess funds, proposing a mix of gap financing, a revolving debt fund, home-buyer assistance and other housing-related programs.
Committee members urged that, because DPFC is focused on housing, the funds should be…
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